As the 200MA and 50MA (Death Cross) looms, we are less than 3.5% from going above BOTH the 50MA and 200MA.
As stated before, this was nothing more than shaking out the weak hands. All signs point to sustained growth, which will only be accelerated by economic uncertainty.
This is NOT death cross if we break $8903 in the next few days.
Maybe this Friday is payday for some folks and we can get this rocket pointed back in the upward direction.
I am Long BTCUSD and GBTC.
Short SPY.
Long GDX.
As stated before, this was nothing more than shaking out the weak hands. All signs point to sustained growth, which will only be accelerated by economic uncertainty.
This is NOT death cross if we break $8903 in the next few days.
Maybe this Friday is payday for some folks and we can get this rocket pointed back in the upward direction.
I am Long BTCUSD and GBTC.
Short SPY.
Long GDX.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.